Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.95 and traded as high as $32.50. Flanigan’s Enterprises shares last traded at $31.81, with a volume of 735 shares traded.

Flanigan’s Enterprises Price Performance

The stock has a fifty day simple moving average of $30.67 and a 200-day simple moving average of $30.95. The company has a market capitalization of $59.17 million, a PE ratio of 11.74 and a beta of 0.30. The company has a current ratio of 1.69, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24.

Insider Activity

In related news, CEO James Flanigan II bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The shares were purchased at an average cost of $29.89 per share, with a total value of $29,890.00. Following the transaction, the chief executive officer directly owned 981,996 shares of the company’s stock, valued at approximately $29,351,860.44. This represents a 0.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 62.30% of the company’s stock.

Hedge Funds Weigh In On Flanigan’s Enterprises

A number of institutional investors have recently modified their holdings of BDL. Dimensional Fund Advisors LP boosted its stake in Flanigan’s Enterprises by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock worth $2,032,000 after purchasing an additional 516 shares during the period. Empowered Funds LLC raised its holdings in shares of Flanigan’s Enterprises by 3.1% in the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $364,000 after buying an additional 445 shares during the last quarter. Finally, Geode Capital Management LLC acquired a new stake in shares of Flanigan’s Enterprises during the second quarter worth about $249,000. 11.03% of the stock is owned by institutional investors and hedge funds.

Flanigan’s Enterprises Company Profile

Flanigan’s Enterprises, Inc operates as a regional distributor of beer, wine and distilled spirits, serving a range of retail and on-premise accounts throughout Florida. The company manages a network of wholesale distribution centers and provides a portfolio of both domestic and imported beverage brands. Through its Beverage Distribution & Logistics segment, Flanigan’s delivers products to grocery stores, convenience markets, restaurants, bars and clubs, leveraging its industry relationships to secure a diverse assortment of products for its customers.

To support its distribution operations, Flanigan’s Enterprises maintains warehousing, transportation and inventory management capabilities.